Managing Project Risks in the Oil and Gas Industry Course Schedule
Type a city name
Venue | Start Date | End Date | Details |
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Dubai , UAE | 17 - 12 - 2023 | 21 - 12 - 2023 |
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Kuala Lumpur , Malaysia | 24 - 12 - 2023 | 28 - 12 - 2023 |
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Paris , France | 17 - 12 - 2023 | 21 - 12 - 2023 |
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Dubai , UAE | 28 - 1 - 2024 | 1 - 2 - 2024 |
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London , UK | 21 - 1 - 2024 | 25 - 1 - 2024 |
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Kuala Lumpur , Malaysia | 14 - 1 - 2024 | 18 - 1 - 2024 |
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Istanbul , Turkey | 7 - 1 - 2024 | 11 - 1 - 2024 |
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Paris , France | 28 - 1 - 2024 | 1 - 2 - 2024 |
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Dubai , UAE | 25 - 2 - 2024 | 29 - 2 - 2024 |
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Kuala Lumpur , Malaysia | 18 - 2 - 2024 | 22 - 2 - 2024 |
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Istanbul , Turkey | 11 - 2 - 2024 | 15 - 2 - 2024 |
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London , UK | 4 - 2 - 2024 | 8 - 2 - 2024 |
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Paris , France | 25 - 2 - 2024 | 29 - 2 - 2024 |
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Dubai , UAE | 17 - 3 - 2024 | 21 - 3 - 2024 |
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London , UK | 10 - 3 - 2024 | 14 - 3 - 2024 |
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Kuala Lumpur , Malaysia | 3 - 3 - 2024 | 7 - 3 - 2024 |
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Istanbul , Turkey | 24 - 3 - 2024 | 28 - 3 - 2024 |
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Paris , France | 17 - 3 - 2024 | 21 - 3 - 2024 |
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Dubai , UAE | 28 - 4 - 2024 | 2 - 5 - 2024 |
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Kuala Lumpur , Malaysia | 7 - 4 - 2024 | 11 - 4 - 2024 |
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Istanbul , Turkey | 14 - 4 - 2024 | 18 - 4 - 2024 |
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London , UK | 21 - 4 - 2024 | 25 - 4 - 2024 |
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Paris , France | 28 - 4 - 2024 | 2 - 5 - 2024 |
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Course Description
Objectives
- To develop key risk management competencies such as developing an appropriate risk process for an organisation in the oil & gas Industry
- To understand the key roles, responsibilities and activities associated with project risk management
- To understand how best to apply appropriate tools and techniques to optimise risk management for your projects
- To deal with the changing nature of risk through a stage gated project process
- To understand the human side of risk in terms of risk perception
- To understand the crucial challenges and lessons learned associated with oil and gas project risk management
Programme Outline
Fundamental Project Risk Management Concepts
- What is risk?
- What is different about project risk in the Oil and Gas Industry?
- The dual nature of risk: – threats and opportunities
- Business, operational and project risk
- Introducing the risk management process
- Planning risk management
Roles and Responsibilities and Identifying Risks
- Key risk management roles and responsibilities
- Good practices adopted in oil and gas organisations
- Alternative approaches – which is right for your organisation?
- Risk identification
- Oil and Gas Industry specific techniques
- Overview of MAR, LOPA, HAZID HAZOP
- The ‘Bow Tie’ methodology
- Tools and techniques for project risk identification
- Alternative techniques based on team dynamic
- Sabotage teams
- Categorisation and the use of Risk Breakdown Structure (RBS)
Risk Analysis techniques
- Alternative Risk Analysis assessment formats and recommended practices in the oil and gas industry
- Qualitative /
- Semi-Quantitative
- Quantitative
- Assessing Impact
- Organisational / Business impact versus Safety / Environmental impact
- Tools and techniques for risk analysis
- Sensitivity Analysis
- Expected monetary value analysis
- Further factors to consider – the people side of risk
- Perception, past experience and mental outlook
- External factors – regulator activities & the effect of catastrophic incidents in the industry
- Modelling and Monte Carlo simulation
- Risk Analysis outputs
Planning Risk Responses and Implementing Risk Responses
- Risk prioritisation
- Risk response strategies
- Action plan formulation
- Action plan evaluation
- Analytical evaluation process
- Appropriate approval / endorsement of action plans
- Implementing and monitoring
- Variance and trend analysis
- Earned value management
- Implementing response plans – good practices
Reporting and Communicating Risk, Extracting Lessons & Lessons Learned from the Industry
- Risk reporting
- Escalating risks
- Reserve analysis
- Embedding the process
- How to identify and feedback lessons learned
- Key risk management lessons from the oil and gas industry and megaprojects in particular
- Applying the lessons and how to implement in my organization